Public Sector Pension Investment Board lowered its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 94.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,888 shares of the company's stock after selling 35,400 shares during the quarter. Public Sector Pension Investment Board's holdings in Super Micro Computer were worth $786,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in SMCI. International Assets Investment Management LLC grew its holdings in shares of Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company's stock worth $283,609,000 after buying an additional 2,011 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after buying an additional 145,327 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company's stock worth $62,599,000 after buying an additional 93,569 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Super Micro Computer by 1,169.5% during the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company's stock valued at $56,077,000 after buying an additional 124,062 shares in the last quarter. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Trading Up 6.8 %
Shares of NASDAQ:SMCI traded up $2.79 during trading on Friday, reaching $43.93. 102,142,266 shares of the company were exchanged, compared to its average volume of 112,925,800. The business's fifty day simple moving average is $36.99 and its 200-day simple moving average is $57.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The firm has a market capitalization of $24.57 billion, a PE ratio of 22.05 and a beta of 1.29.
Analyst Ratings Changes
SMCI has been the topic of several analyst reports. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Barclays dropped their target price on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a report on Wednesday, October 2nd. Needham & Company LLC started coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a "buy" rating and a $60.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating on the stock in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $66.89.
Check Out Our Latest Stock Report on SMCI
Super Micro Computer Company Profile
(
Free Report)
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.
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